Since reporters caught Facebook CEO Mark Zuckerberg and Baidu CEO Robin Li enjoying a private lunch in December, rumors have flown that Facebook is set on entering the Chinese market-despite the fact that government censors have blocked Facebook from Web surfers in China since 2009.
At the time, observers said perhaps Facebook was attempting to avoid repeating Google's mistakes by learning from a company that has mastered the Internet landscape in the country. Zuckerberg was "picking Li's brain," so to speak.
Turns out the rumors are true. Facebook is moving into China. But instead of launching Facebook China, Zuckerberg and company are actually partnering with Baidu to create a brand-new site.
The Street cites Chinese Web portal Sohu for the report. The story also emphasizes the new site will not be integrated with Facebook's international site.